Banking Awareness August 2016 Friends, Following questions are based on important Banking, Economy and Finance sector news for the month of August...

Banking Awareness August 2016

Friends,

Following questions are based on important Banking, Economy and Finance sector news for the month of August 2016:

(Q.1) In August 2016, the Union Govt. has asserted that it would stick to the deadline of _________for the roll-out of the goods and services tax (GST)

1st January 2017

1st April 2017

1st January 2018

1st April 2018

View Answer

Answer: (b)

(Q.2) In August 2016, which country’s cabinet approved an economic stimulus package worth 275 billion dollars in an attempt to kick-start the economy and boost growth

Japan

United States

United Kingdom

China

View Answer

Answer: (a)

(Q.3) Global software and Cloud major Oracle-India has announced a corporate citizenship collaboration with which public sector bank to launch the ‘D-Change’ programme which will support education and learning, women’s empowerment and rural skills development in the country?

Corporation Bank

Bank of Baroda

State Bank of India

Punjab National Bank

View Answer

Answer: (c)

(Q.4) As per a study by ASSOCHAM, which state has emerged as the top state in India in terms of growth in the industry and service sectors in the last ten years (2004-05 to 2014-15)?

Gujarat

Maharashtra

Odisha

Uttarakhand

View Answer

Answer: (d)

(Q.5) Indian arm of which fast food restaurant chain has launched ‘add HOPE’ initiative, aimed to raise funds to provide meals to underprivileged children in India?

Kentucky Fried Chicken (KFC)

McDonalds

Domino’s Pizza

Pizza Hut

View Answer

Answer: (a)

(Q.6) Which Bollywood actor has been roped in for Kentucky Fried Chicken’s ‘add HOPE’ initiative, aimed to raise funds to provide meals to underprivileged children in India?

Salman Khan

Ajay Devgn

Ranveer Singh

Ranbir Kapoor

View Answer

Answer: (b)

(Q.7) Central Bureau of Investigation (CBI) has been made the nodal authority for banks to report high value frauds worth over Rs ________ in public sector banks

(Q.9) Which brand has topped Fortune Magazine’s list of the ‘Most Admired Food Companies’ for 11 consecutive years, since 2006?

Nestle

Heinz

Kellogg’s

PepsiCo

View Answer

Answer: (a)

(Q.10) Which company has been appointed by Maharashtra State Government as the implementation partner to convert Nagpur into country’s first large scale, integrated, smart city?

Larsen & Toubro (L&T)

Tata Motors

Reliance Industries

Wipro

View Answer

Answer: (a)

(Q.11) Which public sector bank has introduced home loan products for Central/ State government/ public sector undertaking employees (‘Privilege Home Loan’) and defence personnel (‘Shaurya Home Loan’), whereby they will get the benefit of repaying the loan over a longer period and at softer interest rates?

Bank of India

Andhra Bank

State Bank of India

Allahabad Bank

View Answer

Answer: (c)

(Q.12) In a bid to accelerate digital transformation in India, which company in partnership with Apple, has launched a global development hub called Garage for iOS apps in Bengaluru that will work with existing design locations in Atlanta, Chicago, Cupertino in the US and Toronto in Canada?

Facebook

Microsoft

Google

IBM

View Answer

Answer: (d)

(Q.13) Who among the following has been recently appointed as Managing Director of State Bank of India (SBI)?

Dinesh Kumar Khara

Rakesh Manjunath

Ajay Sharma

Sirish Rajgopal

View Answer

Answer: (a)

(Q.14) The Union Government has notified _________ inflation target with a range of plus/minus 2 per cent for the next five years under the monetary policy framework agreement with the Reserve Bank

3%

4%

5%

6%

View Answer

Answer: (b)

(Q.15) Which public sector bank has embarked on a large scale transformation program called “Project Ananya” that focuses on improved customer service and offering latest in digital banking services?

Canara Bank

Central Bank of India

Syndicate Bank

Dena Bank

View Answer

Answer: (c)

(Q.16) Which e-commerce giant along with Crossword and Ratna Nidhi Charitable Trust has launched ‘Mission Million Books’ a pan-India initiative inviting Indian citizens to donate textbooks and educational material for the underprivileged?

Amazon

Snapdeal

Flipkart

Alibaba

View Answer

Answer: (d)

(Q.17) In August 2016, Gautam Thakur was elected as Chairman of which Urban Co-operative Bank?

Shamrao Vithal Co-operative Bank

Abhyudaya Co-operative Bank

Saraswat Co-operative Bank

Nutan Nagarik Sahakari Bank

View Answer

Answer: (c)

(Q.18) Which company has recently unveiled ‘Project Alloy’, an all-in-one virtual reality solution?

Microsoft

Apple

Intel

Google

View Answer

Answer: (c)

(Q.19) Which private sector bank has started an ‘Innovation Lab’ in Bengaluru to tap into the best technology that impacts its operations, and is open to investing in start-ups?

ICICI Bank

HDFC Bank

Kotak Mahindra Bank

Yes Bank

View Answer

Answer: (c)

(Q.20) Indian Railways will collaborate with which Tech company for digitizing and showcasing its heritage on digital platforms?

Facebook

Tech Mahindra

Infosys

Google

View Answer

Answer: (d)

(Q.21) Which bank has partnered with National Payments Corporation of India (NPCI), to launch USSD based mobile app for basic banking needs of its customers?

Union Bank of India

United Bank of India

Vijaya Bank

Indian Bank

View Answer

Answer: (a)

(Q.22) The Fortune 2016 ‘Change the World’ list recognises companies that have had a positive social impact through activities that are part of their core business strategy. Which two Indian companies have featured in this list?

Reliance Industries and Tata Steel

Cipla and Godrej

Sun Pharmaceuticals and Wipro

Infosys and Biocon

View Answer

Answer: (b)

(Q.23) Which private sector bank has tied up with Metals and Minerals Trading Corporation of India (MMTC) for distribution of Indian Gold Coins (IGC) and has thus become first among the private sector banks to offer this product to its customers?

Indusind Bank

Axis Bank

Fedral Bank

Karur Vysya Bank

View Answer

Answer: (c)

(Q.24) Name the Chairman and Managing Director of Bharat Electronics Ltd. (BEL), who has been awarded the Most Enterprising CEO in Electronics Sector by the Indo Global Business Council (IGBC), a policy think-tank based in New Delhi.

V N Saxena

S K Sharma

J P Rana

L P Tomar

View Answer

Answer: (b)

(Q.25) Which foreign bank is set to roll out its latest banking innovation in India by end of this year, enabling customers to “bank conversationally” from their preferred mobile messaging app?

(Q.27) Which private sector bank has unveiled a feature ‘iMobile SmartKeys’, that enables its mobile application users to make quick and secure payments on any mobile application including chat, messenger, email, games or search browser without having to exit their current application in their smartphone?

HDFC Bank

Axis Bank

ICICI Bank

Yes Bank

View Answer

Answer: (c)

(Q.28) Which airlines company has roped in Bollywood actress Deepika Padukone to be its brand ambassador?

Jet Airways

IndiGo

Spice Jet

Vistara

View Answer

Answer: (d)

(Q.29) Doha Bank, one of the prominent banks in Qatar, has formally inaugurated its first branch in:

Kochi, Kerala

Chennai, Tamil Nadu

Mumbai, Maharashtra

Bengaluru, Karnataka

View Answer

Answer: (a)

(Q.30) The Reserve Bank of India (RBI) has asked banks to provide loans to women self-help groups (SHGs) at _____ % per annum, as per the government’s revised guidelines for 2016-17